Powell said it was "not for me to say" whether Trump's visit was tied to his demands that the Fed cut interest rates.

EXCLUSIVE: Donald Trump is heavily weighing giving Sean “Diddy” Combs a full presidential pardon ahead of the convicted Bad Boy Records founder’s sentencing later this year. Nearly two months after Trump publicly entertained the notion of a Diddy pardon in an Oval Office gaggle, a comprehensive get out of jail card for Combs is being …

The choice to hold off on a rate cut will almost certainly result in further conflict between the Fed and White House, as Trump has repeatedly demanded that the central bank reduce borrowing costs as part of his effort to assert control over one of the few remaining independent federal agencies.